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Traders fear delayed CBD revamp to curb investment

Local business owners say a decision to review plans to revitalise Moe's CBD will kill investment in the city.

Three Latrobe City councillors voted at Monday's general council meeting to review the multi-million dollar project.

The councillors say the review will provide more certainty on the project before funding from Government is sought.

A George Street business owner, Geoffrey Hitchins, says he is concerned the review will cause prospective investors in the city to look elsewhere.

"Because it's been on the boil for four years, these investors are now well down their plans and they're now threatening, some of them, to pull back and that's what I don't want to happen because I see Moe is going ahead and what happened at the council last night is putting it on hold and ... it may never happen," he said.

He says investors will not spend money in a city that does not know what it wants.

"My concern is are the developers coming in? One developer said he'd release 50 blocks per year of land," he said.

"We're very short of land in Moe and if we've got 50 blocks of land allocated to us, that means two extra jobs to our business alone, without all other tradesmen and all the other people in town - it'd really give Moe a boost."